TD Securities Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price upped by TD Securities from C$99.00 to C$104.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on the company. Jefferies Financial Group upped their price objective on Sun Life Financial from C$96.00 to C$98.00 in a research note on Monday, November 10th. National Bankshares cut their price objective on shares of Sun Life Financial from C$94.00 to C$93.00 in a research note on Thursday, November 6th. UBS Group raised shares of Sun Life Financial to a “hold” rating in a report on Thursday, October 16th. BMO Capital Markets dropped their target price on shares of Sun Life Financial from C$99.00 to C$95.00 in a research report on Monday, November 10th. Finally, Cibc Captl Mkts downgraded Sun Life Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$92.11.

Sun Life Financial Stock Performance

TSE:SLF opened at C$85.99 on Wednesday. The stock’s 50-day moving average is C$83.86 and its 200-day moving average is C$83.81. The stock has a market cap of C$47.62 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77. Sun Life Financial has a 1-year low of C$74.56 and a 1-year high of C$91.11. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported C$1.86 earnings per share (EPS) for the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%.The company had revenue of C$9.07 billion for the quarter. Equities research analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.92 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $3.68 dividend on an annualized basis and a yield of 4.3%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.88. Sun Life Financial’s payout ratio is currently 65.15%.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.